RCM Ag Services

Tag: USDA

22 Mar 2022
Agriculture, Podcast, Risk Management rcmagserv 0 comment

Linking U.S. Agriculture To The World With Maria Dorsett of USDA

RCM Ag Services is putting a unique spin on National Agriculture Day by going international. That’s right, we’re jumping right into international waters with Maria Dorsett from USDA’s Foreign Agriculture Services for an interesting discussion about linking U.S. agriculture to the rest of the world.

 

Each year, March 22 represents a special day to increase public awareness of the U.S.’s agricultural role in society, so why not take it one step further by bringing in a global component? As the world population soars, there’s an even greater demand for producing food, fiber, and renewable resources. That’s why we’re taking a deeper dive into the USDA’s trade finance programs, like the GSM-102, which supports sales of U.S. agricultural products in overseas markets and supports export growth in areas of the world that are seeing some of the fastest population growth.

 

So, jump aboard (no passport needed), as Maria discusses how U.S. companies use GSM-102, what the program features, and the benefits that it offers!

 

 

Quick Links from the episode:

 

Educational GSM presentations:
USDA’s Export Credit Guarantee Programs
GSM 102
GSM 102 (Spanish)

 

You can reach out to Maria at [email protected] & by checking out the links below:
https://twitter.com/USDAForeignAg
https://www.facebook.com/USDA
http://www.youtube.com/usda
21 Jan 2021
Agriculture, Corn, Cotton, Livestock, Market Commentary, Market Updates, Meats, Podcast, Research, Soybeans, USDA Report rcmagserv 0 comment

Ag Markets Update: January USDA Report

In this monthly segment on The Hedged Edge, RCM Ag Services pros Jody Lawrence, Ron Lawson, Kevin Bost, and host Jeff Eizenberg come together to provide expert knowledge on important markets including cotton, meat, and grains following the USDA Report. Watch the whole episode below!

 

If you’d rather listen – click on the links below to find your preferred platform:

11 Sep 2020
Agriculture, Corn, Dow Jones, Market Commentary, Market Updates, Soybeans rcmagserv 0 comment

Ag Market Update: September 5 – 11

Corn gains on the week have been driven from continued strong export numbers as well as trade expectations of a 178 yield estimate heading into the USDA report on Friday. The report came out with a 178.5 bu/acre estimate which is pretty in line with what the trade was expecting. The drop from the 181.8 bu/acre yield estimate from the previous USDA report comes from a combination of the storm damage in Iowa as well as the extended stretch of dryness across many states to end last month. This impressive run up by corn from the lows seen in early August has been welcome heading into harvest. With a 2.5 billion bushel carryover still estimated we may see a tightening of prices as corn leaves the fields and we get a better idea on final yield as well as demand. The bump up in expected corn exports is good to see as the USDA expects countries (China) to continue their buying. Below you can see the Supply and Demand chart for corn from the report.

Via USDA

 

Soybeans have seen strong gains like corn in the last month. The report came through with numbers close to expectations with little surprises. Exports continue at a good pace and China announced that they intend to rebuild government stocks. A month ago $10 soybeans did not seem to be in play but now it is within a few cents. As we get closer to harvest the weather’s effect on the crop will be diminished outside of an early freeze that could cause damage. Keep an eye on exports to keep their pace and any bullish weather news as that magic $10 number looks to be met. See the Soybean Supply and Demand chart from Friday’s report below.

Via USDA

 

Dow Jones
The Dow has continued to bounce up and down finishing down on the week as tech continues its loses. As the pandemic drags on and business come back or close for good the attention will begin to shift towards the election.

Korea Bans German Pork Imports
South Korea banned German pork imports this week after an African swine Fever case was confirmed in Germany. This move falls in line with guidelines for animal food and safety and is an expected move as South Korea themselves have had trouble with ASF in parts of the country and has been banned from exporting its pork products. Look for some of South Korea’s demand to come to the US market.

USDA: The USDA released their World Agricultural Supply and Demand Estimates today, read the entire report here.

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